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An announcement from Altona Energy ( (GB:REE) ) is now available.
Altona Rare Earths Plc has successfully raised an additional £344,500 from existing shareholders, increasing its total fundraise to £851,950. This fundraise, which includes the issuance of new ordinary shares and the exercise of warrants, strengthens Altona’s financial position to advance its projects in Africa, particularly in rare earths, fluorspar, and gallium. The new shares are set to be admitted to trading on the London Stock Exchange, enhancing the company’s operational capabilities and market presence.
More about Altona Energy
Altona Rare Earths Plc is a London Main Market-listed exploration and development company focused on unlocking the value of critical raw materials across Africa. The company targets assets with potential for near-term monetisation and long-term growth, with projects like the Monte Muambe Project in Mozambique, which hosts rare earths, fluorspar, and gallium mineralisation. Altona is also involved in the Sesana Copper-Silver Project in Botswana, aligning with its strategy to supply critical materials for clean energy, high technology, defence, and industrial applications.
Average Trading Volume: 917,825
Technical Sentiment Signal: Sell
Current Market Cap: £2.67M
See more data about REE stock on TipRanks’ Stock Analysis page.